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Salad and Go 8220 W Thunderbird Rd 734 SF 4-Star Retail Building Peoria, AZ 85381 $2,615,000 ($3,562.67/SF) 5.65% Cap Rate


Investment Highlights
- Absolute NNN Ground Lease
- Strong Corporate Guaranty
- Densely populated trade area with over ±330,000 residents in a 5-mile radius
- Long term primary lease - 16 years remaining
- ?Ranked among the Top 3 Salad and Go locations nationwide with estimated annual sales of ±$3.7M (Placer.ai)
- Approximately 1 mile from Peoria Sports Complex, Spring Training home of the Seattle Mariners and San Diego Padres
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment occupied by Salad and Go, a rapidly expanding drive-thru restaurant concept focused on providing fresh, nutritious, and affordable meals.? The offering is secured by a long-term absolute NNN ground lease with approximately 16 years of primary term remaining, annual rent increases, and a corporate guaranty, providing investors with stable cash flow and zero landlord responsibilities.?
Founded in 2013 in Gilbert, Arizona, Salad and Go has emerged as one of the most recognizable health-focused quick-service restaurant brands in the Southwest.? Through its innovative drive-thru-only format and vertically integrated operating model, the company has built a scalable platform centered on convenience, quality, and value.? Today, Salad and Go operates approximately 70 locations across Arizona and Nevada and employs roughly 1,000 people.? The brand continues to benefit from strong consumer demand, growing brand awareness, and a loyal customer base throughout its core markets.? Notably, Placer.?ai ranks this location among the top three highest-performing Salad and Go stores nationwide, with estimated annual sales of approximately $3.7 million.?
The subject property is strategically positioned along Thunderbird Road in Peoria, Arizona, one of the West Valley's most established retail corridors.? The site benefits from exceptional visibility and accessibility, with traffic counts exceeding 35,000 vehicles per day and immediate proximity to Loop 101, which carries more than 138,000 vehicles daily.? The property is surrounded by a strong mix of national retailers and daily-needs destinations including Sprouts Farmers Market, Lowe's Home Improvement, EoS Fitness, CVS, Dutch Bros Coffee, and numerous additional retailers and restaurants.? The location is also less than one mile from the Peoria Sports Complex, spring training home of the Seattle Mariners and San Diego Padres, and serves a densely populated trade area with more than 330,000 residents within a five-mile radius and average household incomes exceeding $118,000 within one mile.?
This offering represents an opportunity to acquire a high-performing net lease asset backed by a proven restaurant operator, long-term lease security, contractual rent growth, and an irreplaceable location within one of the fastest-growing regions of the Phoenix metropolitan area.?
Founded in 2013 in Gilbert, Arizona, Salad and Go has emerged as one of the most recognizable health-focused quick-service restaurant brands in the Southwest.? Through its innovative drive-thru-only format and vertically integrated operating model, the company has built a scalable platform centered on convenience, quality, and value.? Today, Salad and Go operates approximately 70 locations across Arizona and Nevada and employs roughly 1,000 people.? The brand continues to benefit from strong consumer demand, growing brand awareness, and a loyal customer base throughout its core markets.? Notably, Placer.?ai ranks this location among the top three highest-performing Salad and Go stores nationwide, with estimated annual sales of approximately $3.7 million.?
The subject property is strategically positioned along Thunderbird Road in Peoria, Arizona, one of the West Valley's most established retail corridors.? The site benefits from exceptional visibility and accessibility, with traffic counts exceeding 35,000 vehicles per day and immediate proximity to Loop 101, which carries more than 138,000 vehicles daily.? The property is surrounded by a strong mix of national retailers and daily-needs destinations including Sprouts Farmers Market, Lowe's Home Improvement, EoS Fitness, CVS, Dutch Bros Coffee, and numerous additional retailers and restaurants.? The location is also less than one mile from the Peoria Sports Complex, spring training home of the Seattle Mariners and San Diego Padres, and serves a densely populated trade area with more than 330,000 residents within a five-mile radius and average household incomes exceeding $118,000 within one mile.?
This offering represents an opportunity to acquire a high-performing net lease asset backed by a proven restaurant operator, long-term lease security, contractual rent growth, and an irreplaceable location within one of the fastest-growing regions of the Phoenix metropolitan area.?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
734 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$2,615,000
Price Per SF
$3,562.67
Cap Rate
5.65%
NOI
$147,737
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.69 AC
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 200-63-787 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $87,864 |
Property Taxes
Parcel Number
200-63-787
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$87,864
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Salad and Go | 8220 W Thunderbird Rd
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